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*DIRECTED ISSUE OF ETTEPLAN CORPORATION

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HEX HELSINKI     CASH MARKET           RELEASE 279/2004
                 SHARES                20 July 2004


DIRECTED ISSUE OF ETTEPLAN CORPORATION

In the directed issue of Etteplan Corporation's total
67.842 shares will be traded on the Helsinki Exchanges as
old shares as of 21 July 2004.

Identifiers of Etteplan Corporation's share:

Trading code:                       ETT1V
ISIN code:                          FI0009008650
Number of shares:                   4 342 450


HELSINKI EXCHANGES
Janne Seppänen

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